Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.5
Auction ID:610079
Bank Name:City Union Bank
Branch Name:Credit Recovery and Management Department
Reserve Price:₹37,00,000
EMD:₹3,70,000
Auction Time:01.00 PM onwards
Service Provider:Public Auction
Important Dates
Submission Date:20-11-2025 05:00 PM
Bid Start Date:2025-11-21
Property Description
Prime land parcel located in Thiruvallur Salai, Chennai, Tamil Nadu. This residential land offers a significant opportunity for development in a well-connected area. The property is being auctioned by City Union Bank under SARFAESI regulations. Ideal for investors or individuals looking to build their dream home or a real estate project.
State:Tamil Nadu
City:Chennai
Area:Thiruvallur Salai
Asset Category:Residential
Full Address:8, Gowripettai, No:25 Paruthipattu Village Grama Natham S.No:53. Layout Named as Gowripettai Plot No:8, Paruthipattu Village, Chennai
Building/Society:Gowripettai
Size:1750 Sq.ft
Auction Description
City Union Bank presents a SARFAESI auction for a valuable land property in Thiruvallur Salai, Chennai. The auction will be held on November 21, 2025, from 11:00 AM to 01:00 PM. The reserve price is INR 37,00,000, with an Earnest Money Deposit (EMD) of INR 3,70,000 required. This is a unique chance to acquire a desirable asset in Tamil Nadu. All interested bidders are advised to review the terms and conditions thoroughly before participating.
Borrower Name:Mr.T.S. Sathik Batcha
Auction Type:SARFAESI Auction
Guarantor Names:Mrs.S.Jarina Beevi
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The property is a land in Chennai, which can be valuable, but requires caution due to being an auction and potential legal encumbrances. The reserve price seems reasonable given the location and size, warranting consideration but not a high-risk investment.
Contact Details
Branch:Branch Office : Credit Recovery and Management Department
Service Provider:Public Auction
Contact Details:
Contact no:044-26558440
